Company
Date Published
Author
Alex Behrens
Word count
367
Language
English
Hacker News points
None

Summary

USDC on Stellar has become available for trading on the Liquid cryptocurrency exchange, enhancing blockchain interoperability and reducing transaction fees for users. Liquid, a major exchange with over 800,000 global customers, aims to boost cryptocurrency adoption by offering a technologically advanced alternative to traditional payment systems. The integration with Stellar, a network supporting over 5 million user accounts, allows for faster and cheaper transactions compared to the original Ethereum-based USDC token. This development, supported by the Stellar Development Foundation, is expected to bring significant volume and liquidity to the Stellar ecosystem and supports their mission of providing equitable access to the global financial system. With over 25 billion USDC in circulation, the introduction of Multi-Chain USDC trading is set to enhance global business operations and financial inclusion.